Follow LA Observed on Twitter here
This time, it's coming from Gov. Arnold Schwarzenegger, who wants a special session of the Legislature to consider a 90-day ban on foreclosures. Among his other ideas: reducing monthly payments by lowering interest rates, extending mortgage terms, and delaying some principal payments. Earlier in the year, the governor vetoed three bills related to the home-loan industry. Foreclosure moratoriums of various sorts have been proposed by the federal government and by lenders - to limited effect thus far. (OC Register)
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the HomogenoceneOne last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing
New at LA Observed
On the Politics Page
Go to Politics
Sign up for daily email from LA Observed
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.